Longhorn Company Reported the Following Data at Year-End Calculate Each of the Following Ratios:
A

question 27

Short Answer

Longhorn Company reported the following data at year-end:
$$\begin{array} { l r } \text { Total stockholders' equity } & \$ 200,000 \\\text { Current liabilities } & 75,000 \\\text { Total assets } & 350,000 \\\text { Current assets } & 80,000 \\\text { Common stock (par } \$ 10 ) & 125,000\end{array}$$ Calculate each of the following ratios:
A.Debt to equity
B.Current ratio